The price for Uranium has recently increased sharply because of a forecasted shortage. It is estimated that the market will be 80 million pounds short each year.
The Uranium industry has tremendous global potential. It has never been stronger in Canada, and Saudi Arabia’s interest in nuclear energy is expected to stimulate more demand for the metal.
CanAm’s future is bright as analysts believe uranium prices will be increasing from the lack of supply. Last year, only 65% of the demand was met and it is expected that the percentage of completed orders will be even fewer this year.
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